Acquiring Company
Vertiv
Acquired Company
UtilityInnovation Group
WestervilleRaleighManufacturingInformation TechnologyHardwareSoftwareInternet ServicesAnalyticsData CenterEnergyArtificial IntelligenceRenewable EnergyCivil EngineeringDescription
Vertiv's wholly-owned subsidiary, Vertiv Corporation, has completed its acquisition of Utility Innovation Holdings, Inc. (UtilityInnovation Group) for about $1.45 billion in upfront cash. The deal includes up to $1.15 billion in additional contingent cash consideration tied to EBITDA targets over 12- and 24-month periods. The acquisition extends Vertiv's power portfolio from grid interconnect to chip, adding microgrid controls and behind-the-meter power architecture.
Quick answer
Vertiv is acquiring UtilityInnovation Group, announced November 13, 2026. Vertiv is based in Westerville, Ohio, United States.
- How much did Vertiv pay for UtilityInnovation Group?
- The deal value was not disclosed.
- What does Vertiv do?
- Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs.
- Where are Vertiv and UtilityInnovation Group based?
- Vertiv is based in Westerville, Ohio, United States. UtilityInnovation Group is based in Raleigh, North Carolina, United States.
- Who are the decision-makers at Vertiv?
- Fundz holds 1 contact at Vertiv. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Vertiv, and when
When Vertiv changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Vertiv raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Vertiv, from your own LinkedIn network
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Related People
Frequently asked
Who acquired UtilityInnovation Group?
UtilityInnovation Group was acquired by Vertiv, based in Westerville. The deal was reported on November 13, 2026. Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv is publicly traded (VRT) and operates in Manufacturing.
When did Vertiv acquire UtilityInnovation Group?
Vertiv's acquisition of UtilityInnovation Group was reported on November 13, 2026. Vertiv's wholly-owned subsidiary, Vertiv Corporation, has completed its acquisition of Utility Innovation Holdings, Inc. (UtilityInnovation Group) for about $1.45 billion in upfront cash. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does UtilityInnovation Group do?
UtilityInnovation Group (UIG) focuses on delivering cutting-edge energy solutions for data centers. The company aims to support the rapid expansion of data centers in North America and Europe. It is privately held, operating in Energy, and is based in Raleigh.
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